Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Mapfre most exposed global carrier to Puerto Rico

Bernard Goyder 20 September 2017

Hurricane Maria is likely to cause severe insured losses in Puerto Rico, the Caribbean's largest insurance market, with Mapfre the global insurer with the greatest exposure to the US territory.

The US commonwealth's non-life market generated $1.7bn of premiums in 2016, according to data provider Axco Global Statistics.

Local insurer Universal Group, which is unrelated to the Floridian carrier with a similar name, has the largest overall market share in Puerto Rico, accounting for 18.15 percent of the local direct...

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